A major whale address moves 3,500 BTC after three years of dormancy, netting a profit of $305 million
According to a report by Jinse Finance, Lookonchain monitoring shows that a certain whale address, after being dormant for three years, transferred 3,500 BTC (approximately $408 million) to a new address 10 hours ago. Three years ago, this address withdrew 3,500 BTC from an exchange (then worth about $103 million), with an average withdrawal price of $29,620 per BTC, resulting in a profit of $305 million (+294%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analysis: Derivatives market reflects a reversal in bearish sentiment for Bitcoin, with bullish demand on the rise
RootData: XION will unlock tokens worth approximately $22.13 million in one week
CryptoQuant CEO: Bitcoin On-Chain Indicators Show Bearish Signals, Future Upside May Depend on Macro Liquidity
